{"id":659756,"date":"2013-05-23T05:16:08","date_gmt":"2013-05-23T09:16:08","guid":{"rendered":"http:\/\/www.pehub.com\/?p=219874"},"modified":"2013-05-23T05:16:08","modified_gmt":"2013-05-23T09:16:08","slug":"del-monte-and-natural-balance-pet-foods-to-merge","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/659756","title":{"rendered":"Del Monte and Natural Balance Pet Foods to Merge"},"content":{"rendered":"

Del Monte Foods<\/strong> and Natural Balance Pet Foods<\/strong> have signed a merger agreement. Natural Balance Pet Foods, makers of super-premium pet food for dogs and cats sold throughout North America and also in Europe and Asia, will join Del Monte\u2019s robust pet products portfolio.<\/p>\n

PRESS RELEASE<\/strong><\/p>\n

Del Monte Foods and Natural Balance Pet Foods\u00ae, Inc. announced today that the companies have signed a merger agreement. Natural Balance Pet Foods\u00ae, makers of super-premium pet food for dogs and cats sold throughout North America and also in Europe and Asia, will join Del Monte\u2019s robust pet products portfolio. <\/p>\n

\u201cNatural Balance was created nearly 25 years ago to give pet parents the best super-premium pet food on the market,\u201d said Joey Herrick, president and founder, Natural Balance Pet Foods\u00ae, Inc. \u201cAfter careful consideration, we believe we\u2019ve found the perfect partner to help the business grow for the next 25 years. Not only does Del Monte care about pets as much as we do, they have a complementary culture and set of values, their respected brands are found in eight out of ten U.S. households and they have been a trusted name for healthy, quality consumer food for more than 100 years. Natural Balance looks forward to working hand-in-hand with Del Monte to leverage their strong distribution, supply chain and innovation resources that will help the brand achieve its next level of growth.\u201d<\/p>\n

\u201cNatural Balance will continue to offer pet parents super-premium, high quality formulas that they have come to know and expect, and we look forward to continuing to nurture our valued relationships with our customers and other partners,\u201d continued Herrick. <\/p>\n

\u201cDel Monte Foods is proud to welcome Natural Balance\u00ae into the Del Monte family of brands,\u201d said Dave West, CEO, Del Monte Foods. \u201cNatural Balance is well-positioned in the super-premium pet specialty channel and Del Monte looks forward to supporting and further strengthening that position, while honoring the brand\u2019s esteemed culture and history.\u201d<\/p>\n

Continued West, \u201cThis merger is consistent with our long-term strategy for Del Monte to further strengthen our pet food and snacks brand portfolio and accelerate growth by expanding in the pet specialty channel. This offers us exciting prospects for continued growth, particularly in terms of strengthening our reach to independent pet retailers.\u201d <\/p>\n

The merger includes the equity interest held by private equity firm VMG Partners. “We are very proud to have worked side by side with Joey and the Natural Balance team in building one of the strongest brands in the pet specialty channel. We are excited about passing the baton to Del Monte Foods, who we believe will continue to grow and strengthen the Natural Balance brand,” said David Baram, VMG Managing Director.<\/p>\n

Natural Balance Pet Foods\u00ae, Inc. was founded in 1989 by Dick Van Patten and Joey Herrick. Today, the brand includes both dog and cat formulas and spans wet food, dry food and treats. Natural Balance is headquartered in Pacoima, CA. <\/p>\n

The purchase price and financial terms are not disclosed. The merger includes all Natural Balance\u00ae brands, products and other trademarks. The companies anticipate the merger will close in mid-June, subject to customary closing conditions and regulatory clearances.<\/p>\n

About Dick Van Patten\u2019s Natural Balance Pet Foods\u00ae
\nNatural Balance\u00ae Pet Foods, created in 1989 by Dick Van Patten and Joey Herrick, is a leading premium pet food brand, offering more than 225 dog and cat products. Natural Balance products include Original Ultra\u00ae Ultra Premium Pet Foods, L.I.D. Limited Ingredient Diets\u00ae Formulas, ALPHA\u00ae Grain-Free Formulas, Delectable Delights\u2122 Stews for dogs and cats and many more.<\/p>\n

About Del Monte Foods
\nDel Monte Foods is one of the country\u2019s largest producers, distributors and marketers of premium quality, branded pet products and food products for the U.S. retail market, generating approximately $3.7 billion in net sales in fiscal 2012. With a powerful portfolio of brands, Del Monte products are found in eight out of ten U.S. households. Pet food and pet snacks brands include Meow Mix\u00ae, Kibbles ‘n Bits\u00ae, Milk-Bone\u00ae, 9Lives\u00ae, Pup-Peroni\u00ae, Gravy Train\u00ae, Nature\u2019s Recipe\u00ae, Canine Carry Outs\u00ae, Milo\u2019s Kitchen\u00ae and other brand names. Food product brands include Del Monte\u00ae, Contadina\u00ae, S&W\u00ae, College Inn\u00ae and other brand names. The Company also produces and distributes private label pet products and food products. <\/p>\n

CONTACTS:\t\t<\/p>\n

Chrissy Trampedach, Del Monte Foods, (415) 247-3420, media.relations@delmonte.com
\nJoanna DiNizio, Coyne PR for Del Monte Foods, (973) 588-2000, jdinizio@coynepr.com
\nRob Bailey, RBCPR for Natural Balance Pet Foods, Inc., 201-760-0200 ext. 101, rbailey@rbcpr.com<\/p>\n

The post Del Monte and Natural Balance Pet Foods to Merge<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Del Monte Foods and Natural Balance Pet Foods have signed a merger agreement. Natural Balance Pet Foods, makers of super-premium pet food for dogs and cats sold throughout North America and also in Europe and Asia, will join Del Monte\u2019s robust pet products portfolio. PRESS RELEASE Del Monte Foods and Natural Balance Pet Foods\u00ae, Inc. […]<\/p>\n","protected":false},"author":7476,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-659756","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7476"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=659756"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/659756\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=659756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=659756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=659756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}